Mr. N.R. Bhanumurthy, a former macroeconomist at UNESCAP, Bangkok brought a new perspective to the discussion. He expressed concerns over the shift from globalisation towards deglobalisation. “No one knows how this situation will evolve,” he added. Mr. Bhanumurthy ended his address by saying that in the light of such drastic global changes, India must move towards self-reliance.
Another panel member, MR. H.N Gupta, the former principal advisor to the Planning Commission, felt there was a need to address the issue of deficits. He said that it was natural for a developing economy to have deficits, but only if it creates more jobs. Like Mr. Nangia, he too expressed concerns over the menace of black money.
The discussion among panellists was followed by a Q&A with the students. A number of queries on demonetisation, e-payments, agriculture sector, Make In India, etc. were answered. While the discussion at IIM Lucknow concluded, India optimistically looks forward to the upcoming Union Budget!
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About the Author:
"Samaksha Vaish is a first year student at IIM Lucknow. On campus, he is also a member of Industry Interaction Cell and Manjunath Shanmugam Trust."
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